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$2 billion to hsbc is six weeks, eight weeks of earnings. it is a lot of money, relatively or specifically. but compared to the profits that you can make by breaking the law, if you know that the degree of accountability that will come is from an individual level, you're essentially going to keep all the profits you made in your bonus for doing this illegal activity, and even as an institution, who really pays? it is the shareholders. today's share holders were paying for profits earned by yesterday's executives. this is an untenable situation that will lead to more crime and more crisis. >> neil barofsky, thank you, sir. good to have you back on the show. >> thank you. >>> in broad daylight, along one of new york's busiest streets, someone shoots a man, point blank, and then runs. now as police hunt for the so-called assassin, look at this, new video shows the suspect moments before. yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. s
$2 billion to hsbc is six weeks, eight weeks of earnings. it is a lot of money, relatively or specifically. but compared to the profits that you can make by breaking the law, if you know that the degree of accountability that will come is from an individual level, you're essentially going to keep all the profits you made in your bonus for doing this illegal activity, and even as an institution, who really pays? it is the shareholders. today's share holders were paying for profits earned by...
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sanctions against some pretty bad characters and hsbc apparently didn't do that. that's the allegation of the united states government, helping transfer money for drug cart cartels, for terrorist groups, for countries we're not supposed to be doing business with overall. these sanctions around libya, myanmar, syria and mexican cartels, this is what hsbc says, wants to put the whole matter behind this. "we accept responsibility for our past mistakes, we have said we're profoundly sorry for them. the hsbc of today is a fundamentally different organization from the one that made those mistakes." they were rubber stamping transfers and one economic it any of an e-mail said "what is this, the school of low expectations banking?" this executive was appalled by some of the practices of a mexican affiliate of hsbc. let me tell you about the fine here, ted, $1.92 billion, standard chartered a fine of $667 million for some similar charges of violating u.s. sanctions on transactions with iran, burma, libya, sudan. ing bank a $619 million for covering up transfers in violatio
sanctions against some pretty bad characters and hsbc apparently didn't do that. that's the allegation of the united states government, helping transfer money for drug cart cartels, for terrorist groups, for countries we're not supposed to be doing business with overall. these sanctions around libya, myanmar, syria and mexican cartels, this is what hsbc says, wants to put the whole matter behind this. "we accept responsibility for our past mistakes, we have said we're profoundly sorry for...
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hsbc is a famously tightly run bank. obviously the people at the top had to know something was amiss. but, look, the top dog -- >> more than fines? more than $2 billion? >> i don't -- i question, very respectfully, whether or not there should be some criminal -- this is a guy watching drug money, apparently, go across the border in gigantic quantities, nothing done about it. if you or i brought a marijuana cigarette into the state of south carolina, we would be put in prison. this guy is shipping billions and he gets to pay it off with the stockholders' money. he's not out one single cent. it is all the stockholders' money. >> ben stein, appreciate your candor. thanks for coming on. >> always love being here. >> thank you. >> love being here. >>> now this, a near miss. just ahead, an asteroid passes, comes closer to earth than the moon. hmm. chad myers joins me on how close this was, calling it a close shave. >>> also an ex-marine jailed in mexico, alarming accusations now on how he's being treated and threatened. so wha
hsbc is a famously tightly run bank. obviously the people at the top had to know something was amiss. but, look, the top dog -- >> more than fines? more than $2 billion? >> i don't -- i question, very respectfully, whether or not there should be some criminal -- this is a guy watching drug money, apparently, go across the border in gigantic quantities, nothing done about it. if you or i brought a marijuana cigarette into the state of south carolina, we would be put in prison. this...
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ing, hsbc, tried to move into the u.s. market and they tried to find ways, of course to build quickly in the u.s., acquisitions and other things. they're such big banks. are they so big they couldn't follow what the u.s. was doing, what their people in the u.s. were doing? were they able to get away with things in the u.s. not complying with u.s. law because headquarters here in europe couldn't keep control of it? that's one of the questions. the other one is, were they aggressively trying to build their business so much in the u.s. that they closed they're eyes to what was going on? that's why they're all facing fines, i think. >> thank you. >>> traditional ethiopian music meeting jazz rhythms. an artist who never touched an instrument until ten years ago. now changing the face of ethiopian music. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of i
ing, hsbc, tried to move into the u.s. market and they tried to find ways, of course to build quickly in the u.s., acquisitions and other things. they're such big banks. are they so big they couldn't follow what the u.s. was doing, what their people in the u.s. were doing? were they able to get away with things in the u.s. not complying with u.s. law because headquarters here in europe couldn't keep control of it? that's one of the questions. the other one is, were they aggressively trying to...
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holder facing harsh criticism from a top republican after failing to pursue criminal charges against hsbc. the bank admits laundering money from iran, libya and myanmar. chuck grassley calls the lack of charges a declaration that "crime does pay." the justice department did not comment but defends its nearly $2 billion settlement with the bank. >>> two massachusetts costco workers are splitting a $50 million powerball prize. rosa deleon buys two tickets every day and shares them with her co-worker reginald. on wednesday the tickets finally paid off. the two will each get $11 million after taxes. congratulations to them. very lucky. >>> there is a machine that could one day be used to make homemade guns, not only that, it could make plastic guns that a metal detector won't find. you can believe some people are worried about it. here is joe johns with more. >> reporter: in the this northern virginia gun store you can buy all sorts of weapons but what if you could make weapons in your own home using a three-dimensional printer. sounds like science fiction but to some it's not far-fetched. >>
holder facing harsh criticism from a top republican after failing to pursue criminal charges against hsbc. the bank admits laundering money from iran, libya and myanmar. chuck grassley calls the lack of charges a declaration that "crime does pay." the justice department did not comment but defends its nearly $2 billion settlement with the bank. >>> two massachusetts costco workers are splitting a $50 million powerball prize. rosa deleon buys two tickets every day and shares...